Cambridge Investment Research Advisors Inc. Lowers Holdings in BRC Inc. (NYSE:BRCC)

Cambridge Investment Research Advisors Inc. decreased its stake in shares of BRC Inc. (NYSE:BRCC) by 14.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,780 shares of the company’s stock after selling 13,049 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in BRC were worth $165,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its stake in BRC by 1,018.3% during the fourth quarter. Millennium Management LLC now owns 1,798,148 shares of the company’s stock valued at $5,700,000 after buying an additional 1,637,357 shares during the last quarter. American Century Companies Inc. raised its stake in BRC by 7.9% during the fourth quarter. American Century Companies Inc. now owns 105,701 shares of the company’s stock valued at $335,000 after buying an additional 7,742 shares during the last quarter. Raymond James Financial Inc. purchased a new position in BRC during the fourth quarter valued at $76,000. Northern Trust Corp raised its stake in BRC by 2.2% during the fourth quarter. Northern Trust Corp now owns 417,230 shares of the company’s stock valued at $1,323,000 after buying an additional 8,790 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in BRC during the fourth quarter valued at $872,000. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Stock Down 4.2%

BRC stock opened at $1.50 on Tuesday. The firm has a market cap of $318.77 million, a price-to-earnings ratio of -16.61 and a beta of 0.90. The stock has a fifty day simple moving average of $1.65 and a two-hundred day simple moving average of $2.19. BRC Inc. has a 12 month low of $1.19 and a 12 month high of $6.02. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 1.50.

BRC (NYSE:BRCC) last issued its quarterly earnings data on Monday, May 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). BRC had a negative return on equity of 2.09% and a negative net margin of 1.67%. The firm had revenue of $89.97 million during the quarter, compared to the consensus estimate of $88.08 million. Equities analysts predict that BRC Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on BRCC. Roth Capital set a $2.00 target price on BRC and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $4.00 target price on shares of BRC in a report on Monday, June 23rd. Finally, DA Davidson reissued a “buy” rating and issued a $3.00 target price on shares of BRC in a report on Wednesday, March 19th.

BRC Profile

BRC Inc, through its subsidiaries, purchases, roasts, and sells coffee, coffee accessories, and branded apparel in the United States. The company also produces media content, as well as sells coffee brewing equipment, and outdoor and lifestyle gear. It supports active military, veterans, and first responders.